CHART OF THE DAY: The Amazing Cash-For-Clunkers Cliff Dive

This is what an economic strategy of pulling it forward
looks like. In August, car buyers were going nuts with a $4,500
incentive to trade clunkers in for brand new cars. Many warned,
of course, that these sales would simply end up decreasing future
sales, getting us nowhere. Well, September's here, and... yeah. A
monthly sales rate of over 14 million units annualized quickly
fell to just above 9 million.

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